BUY UGANDA VANILLA BEANS                                                                                   Soybean Oil and Soya Cake/Meal in Uganda

National Insurance Corp. Uganda profit surge 6 fold

National Insurance Corp. (NIC) of Uganda said profit surged more than sixfold last year after it increased investments in properties.

Net income in the 12 months through December climbed to 12.89 billion shillings ($5 million) from 2.02 billion shillings a year earlier, the Kampala-based company said in a statement published in the New Vision newspaper today.
Investments in properties increased to 57.8 billion shillings from 36.4 billion shillings in 2010, the company said.

National Insurance is a unit of Lagos, Nigeria-based Industrial and General Insurance Plc, which bought a controlling stake in the company from the Ugandan government in 2005.

Bloomberg
06 June 2012

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .





Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.